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Oct 14, 2011

Obama pulls plug on long-term care program: The Washington Post | Politics Afternoon Edition

The Washington Post Politics Afternoon Edition

HEADLINES

  1. Obama pulls plug on long-term care program

    The administration says it is unable to go forward with a major program in the president's signature health care overhaul.
    » Read full article

  2. Senators call for extending federal pay freeze for third year

    Sens. Collins and Lieberman said they regret recommending a third year of pay freezes, "But people across the country are struggling."
    » Read full article

  3. Rick Perry calls for more oil drilling

    Perry laid out a plan that he said would increase domestic energy production and create jobs in an attempt to reboot his struggling presidential campaign.
    » Read full article

  4. Ron Paul the religious

    Ron Paul is best known for challenging his fellow Republicans on foreign interventions and government bailouts. But he's actually very religious.
    » Read full article

  5. Explainer: The role of delegates

    RNC officials have changed how states can award delegates in an attempt to de-emphasize the early-voting states.
    » Read full article


From The Desk Of Nick Nicolaas - Mining Interactive: Zeal Intelligence Weekly - "Oil Stocks Deeply Oversold 2" by Adam Hamilton



Dear Fernando:
This week's Zeal Intelligence Newsletter has been posted on the Mining Interactive Website.
Zeal Intelligence Weekly

Brought to you by
.
604-657-4058
www.mininginteractive.com

From The Desk Of Nick Nicolaas - Mining Interactive: Tasman Acquires “Olserum” Heavy Rare Earth (HREE) Project Acquired In Southern Sweden



October 13, 2011

TASMAN METALS LTD.
TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets - TASXF

'The Tasman Metals Rare Earth Story'

OLSERUM HEAVY RARE EARTH (HREE)
PROJECT ACQUIRED IN SWEDEN

Located only 100km east of the Company’s flagship Norra Kärr HREE project

  • Previously twenty seven (27) diamond drill holes were drilled targeting the REE potential of Olserum;
  • The drilling discovered an REE mineralized zone 600m in length and up to 100m wide;
  •  In 2005 an initial metallurgical test on a representative composite sample of drill core material was conducted.  The test showed that a simple combination of gravimetric and magnetic separation produced a mineral concentrate containing 14% rare earth oxide, recovering 60% of the REE’s.  This result is considered very promising for a preliminary non-optimized test on a heavy REE project;
  • Tasman believes that an NI43-101 compliant resource can be established for Olserum with only limited further drilling;
  • A follow up drill will implement program in order to have sufficient data for resource calculation;
  • The Company’s claim holding surrounding the drilled area at Olserum has been the subject of very limited exploration for REE’s, and additional prospect areas have already been identified.


Mark Saxon, Tasman Metals President & CEO:  "Tasman is pleased to add a new advanced heavy rare earth element project to our portfolio.
Grade and thickness of the existing drill intersections are very encouraging considering the high percentage of the high value heavy rare earth elements that are present. The effective metallurgical test, and the existing infrastructure on site, set Olserum apart as a high potential project.  Olserum’s close proximity to our flagship Norra Karr heavy rare earth project will allow it to be explored efficiently, and we will move quickly to complete further drilling, mineralogy and metallurgical studies.”

Dear Fernando:

Tasman certainly is “a heavy Rare Earth mine in the making” but now it looks like there are “two heavy Rare Earth mines in the making”.
As an aside for your information:
A new Pentagon report to Congress made public in early October puts the spotlight on the U.S. military's critical dependence on materials know as rare-earth metals and recommends alternatives to Chinese sources of supply.  "It is essential that a stable non-Chinese source of REO [rare earth oxides] be established so that the U.S. RE supply chain is no longer solely dependent on China's RE exports,"
I was on my way to the airport when I saw the Press Release and called my broker right away and bought some more Tasman - - - what’s not to like?


 

Stay Tuned - - for the next Chapter in the Tasman Metals Rare Earth Story!!!

Regards from Chicago,

Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"

Acronyms used:

REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
            lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides

Strategic Metals, Including Rare Earth Elements and their common usage:


October 13, 2011

TASMAN METALS LTD.
TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets - TASXF

'The Tasman Metals Rare Earth Story'

OLSERUM HEAVY RARE EARTH (HREE)
PROJECT ACQUIRED IN SWEDEN

Located only 100km east of the Company’s flagship Norra Kärr HREE project

  • Previously twenty seven (27) diamond drill holes were drilled targeting the REE potential of Olserum;
  • The drilling discovered an REE mineralized zone 600m in length and up to 100m wide;
  •  In 2005 an initial metallurgical test on a representative composite sample of drill core material was conducted.  The test showed that a simple combination of gravimetric and magnetic separation produced a mineral concentrate containing 14% rare earth oxide, recovering 60% of the REE’s.  This result is considered very promising for a preliminary non-optimized test on a heavy REE project;
  • Tasman believes that an NI43-101 compliant resource can be established for Olserum with only limited further drilling;
  • A follow up drill will implement program in order to have sufficient data for resource calculation;
  • The Company’s claim holding surrounding the drilled area at Olserum has been the subject of very limited exploration for REE’s, and additional prospect areas have already been identified.

Mark Saxon, Tasman Metals President & CEO:  "Tasman is pleased to add a new advanced heavy rare earth element project to our portfolio.
Grade and thickness of the existing drill intersections are very encouraging considering the high percentage of the high value heavy rare earth elements that are present. The effective metallurgical test, and the existing infrastructure on site, set Olserum apart as a high potential project.  Olserum’s close proximity to our flagship Norra Karr heavy rare earth project will allow it to be explored efficiently, and we will move quickly to complete further drilling, mineralogy and metallurgical studies.”
Dear Fernando:

Tasman certainly is “a heavy Rare Earth mine in the making” but now it looks like there are “two heavy Rare Earth mines in the making”.
As an aside for your information:
A new Pentagon report to Congress made public in early October puts the spotlight on the U.S. military's critical dependence on materials know as rare-earth metals and recommends alternatives to Chinese sources of supply.  "It is essential that a stable non-Chinese source of REO [rare earth oxides] be established so that the U.S. RE supply chain is no longer solely dependent on China's RE exports,"
I was on my way to the airport when I saw the Press Release and called my broker right away and bought some more Tasman - - - what’s not to like?


Stay Tuned - - for the next Chapter in the Tasman Metals Rare Earth Story!!!

Regards from Chicago,

Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"

Acronyms used:

REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
            lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides

Strategic Metals, Including Rare Earth Elements and their common usage:




tasman learn more about ree from tasman metals

Technology Report: Analysis: BlackBerry outage could accelerate shift to iPhone: Reuters - Technology Report


News
Apple looked to ring in record first day sales as long lines made up of eager wannabe iPhone 4S owners formed at its stores around the world. In New York, the line outside Apple's flagship Manhattan store no longer extended around the block after a half-hour of sales, but more people joined it as the morning progressed. Queues in Paris were smaller than those normally seen for a brand-new iPhone, with some fans there wondering if the somewhat underwhelming introduction had put people off, but in London and elsewhere the lines were as long as ever.

Despite the enthusiasm at Apple stores, the launch was marred somewhat by widespread complaints this week online about problems downloading iOS 5, the latest version of Apple's mobile software. There were also problems with iCloud, Apple's online communications, media storage and backup service formally launched on Wednesday, with users reporting glitches such as losing their email access.

A judge in California said that Samsung's Galaxy tablets infringe Apple's iPad patents, but added that Apple has a problem establishing the validity of its patents. U.S. District Judge Lucy Koh did not rule on Apple's request to bar some Galaxy products from being sold in the U.S. but said she would do so "fairly promptly". Apple must show both that Samsung infringed its patents and that its patents are valid under the law. Samsung attorney Kathleen Sullivan argued that in order to defeat an injunction bid, Samsung need only show that it has raised strong enough questions about the validity of Apple's patents. Apple attorney Harold McElhinny said Apple's product design is far superior to previous tablets, so Apple's patents should not be invalidated by designs that came before.

Google announced that it will axe its microblogging service Buzz, to concentrate on its social networking service Google+. The launch of Google Buzz was marred by privacy snafus.

Britons are now including Internet passwords in wills to ensure their online music, photographs, videos and other digital data are not lost when they die, a British study showed. Around 11 percent of the 2,000 British people surveyed by the Center for Creative & Social Technology at the University of London for their "Cloud Generation" report said they had included Internet passwords or plan to include them in their wills in a trend that CAST labeled "digital inheritance."
LATEST NEWS
Analysis: BlackBerry outage could accelerate shift to iPhone
October 14, 2011 04:01 PM ET
(Reuters) - John Stuart has been chained to his BlackBerry for years, first as a systems manager for Wall Street bank Morgan Stanley and then as chief information officer for Beverly Hills Wealth Management. | Full Article
Guns drawn in Activision, EA shooter game battle
October 14, 2011 12:41 PM ET
NEW YORK (Reuters) - The two biggest U.S. companies in the video game industry are preparing for a gunfight. | Full Article
Cloud spending helps techs as PC sales stagger
October 14, 2011 01:21 PM ET
(Reuters) - Big U.S. Internet computing companies should outshine their plainer PC cousins when earnings season kicks off next week, as corporations and fast-growing Web players dramatically accelerate their pace of hardware spending. | Full Article
Google to gain from growing mobile focus: analysts
October 14, 2011 08:59 AM ET
(Reuters) - Google Inc is likely to emerge as a "top mobile play," according to Wall Street analysts, with several raising their price targets on the stock, some by as much as 10 percent. | Full Article
Ericsson growth seen slowing, outlook cloudy
October 14, 2011 12:52 PM ET
STOCKHOLM (Reuters) - The third quarter could mark the end of a hot streak for Ericsson as a combination of a global slowdown, tough competition and an increase in low margin business cloud the outlook for the world's top mobile equipment firm. | Full Article

Wall Street posts first two-week surge since July: Reuters - Daily Investor Update




News
LATEST NEWS
Wall Street posts first two-week surge since July
NEW YORK (Reuters) - Stocks scored their first back-to-back weekly gains since early July on Friday, on strong Google earnings and as investors kept riding waves of optimism for a solution to the euro-zone debt crisis. | Full Article

U.S. rejects plan to strengthen IMF in euro zone crisis
October 14, 2011 03:34 PM ET
PARIS (Reuters) - Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis ran into resistance from the United States and others on Friday, burying the idea for now and putting the onus firmly back on Europe. | Full Article
U.S. budget gap widens, tops $1 trillion for third year
October 14, 2011 03:23 PM ET
WASHINGTON (Reuters) - The U.S. budget gap widened slightly in fiscal 2011, staying above $1 trillion for a third straight year and providing fodder for a political battle over taxes and spending ahead of next year's presidential election. | Full Article
China inflation ticks lower, policy on pause
October 14, 2011 02:13 PM ET
BEIJING (Reuters) - China's consumer inflation dipped to 6.1 percent in September, retreating further from three-year highs, although stubborn food price pressures will deter the central bank from loosening its policy reins anytime soon. | Full Article
Google jumps as investors cheer mobile growth
October 14, 2011 04:08 PM ET
(Reuters) - Shares of Google Inc jumped over 7 percent on Friday, a day after the internet search giant said robust growth at its mobile business and a strong emerging market lifted its third quarter, allaying worries that a slowing Europe was hurting business. | Full Article
US TOP NEWS
Retail sales rise, economy seen accelerating
October 14, 2011 03:08 PM ET
WASHINGTON (Reuters) - U.S. retail sales in September grew at the fastest pace in seven months as consumers shook off concerns about a weak stock market and political gridlock, giving a bit more momentum to the economic recovery. | Full Article
"Mini-Madoff" gets 25 years for $400 million Ponzi fraud
October 14, 2011 02:57 PM ET
NEW YORK (Reuters) - A Long Island man was sentenced to 25 years in prison Friday after admitting to stealing more than $195 million from thousands of investors in the course of a five-year, $400-million Ponzi scheme. | Full Article
House Democrats vow further push on China bill
October 14, 2011 03:16 PM ET
WASHINGTON (Reuters) - Democratic lawmakers vowed on Friday to keep pressing for a vote on a bill to punish China over its currency valuation, saying the legislation Republican leaders are blocking is vital for U.S. trade competitiveness. | Full Article
Wall Street sit-in goes global Saturday
October 14, 2011 02:23 PM ET
LONDON (Reuters) - For an October revolution, dress warm. That's the word going out - politely - on the Web to rally street protests on Saturday around the globe from New Zealand to Alaska via London, Frankfurt, Washington and, of course, New York, where the past month's Occupy Wall Street movement has inspired a worldwide yell of anger at banks and financiers. | Full Article
Appeals court blocks parts of Alabama immigration law
October 14, 2011 03:48 PM ET
BIRMINGHAM, Ala (Reuters) - A U.S. appeals court on Friday temporarily blocked Alabama from enforcing part of its tough new immigration law but allowed some disputed portions to remain in effect. | Full Article
HEALTH NEWS
Authorities perplexed by drug shortage spike
Rare transplant gives quadruple amputee two new hands
Giant Eagle recalls lettuce on listeria threat
Osamu recalls frozen tuna over decomposition and histamine
Do hospitals do enough to help smokers quit?

NYT: Afternoon Business News: G-20 Seeks Broader Solution for Europe's Debt Crisis


BUSINESS

G-20 Seeks Broader Solution for Europe's Debt Crisis

By LIZ ALDERMAN
Finance ministers meeting in Paris face new hurdles after rating agencies issued warnings about European banks.

Spanish Companies Look Abroad for Growth

By RAPHAEL MINDER
They are escaping a stagnant economy at home and raising concern in a country with big sovereign debt and a high jobless rate.

For Children of Same-Sex Couples, a Student Aid Maze

By TARA SIEGEL BERNARD
The most important document for determining financial aid for college is a form that recognizes only heterosexual marriage.
Your Money

Turning a Lens on Ameriprise Financial

By RON LIEBER
The country's largest employer of certified financial planners is accused of putting its own employees' 401(k) money into underperforming funds.

Strong U.S. Retail Sales Lift Wall Street

By JOSHUA BRUSTEIN
Stocks rose after a report showed sales jumped in September, beating expectations.

DeakB%K P.M. Edition: Pension Investor to Vote Against Murdochs on News Corp. Board




TOP STORY
Pension Investor to Vote Against Murdochs on News Corp. Board
Pension Investor to Vote Against Murdochs on News Corp. Board Hermes EOS, which represents British Telecom and other large pension funds, said Friday it planned to vote against the re-election of Rupert Murdoch and his sons to News Corporation's board at next week's shareholder meeting.
DEALBOOK HIGHLIGHTS
In Debt: The Curious C.D.O. Bankruptcy Three hedge funds filed an involuntary petition to put the debtor, which happens to be incorporated in the Cayman Islands, into bankruptcy.
Deal Professor: The Fizzled-Out Bidding War for Southern Union Southern Union's shareholders are richer for all the hullabaloo, but the Deal Professor asks whether a better-run process might have produced even more value.
Virgin Atlantic and British Airways Compete Over BMI Virgin Atlantic confirmed that it was in deal talks for the troubled airline BMI, following a report that British Airways' owner was also in preliminary discussions.
A Call for a Write-Down on Irish Debt "There are losses out there," says Peter Mathews. "Let's face up to them and get them financed by countries that can afford it, like Germany."
Unilever Buys Russian Cosmetics Brand As its home market slows, the Anglo-Dutch firm is looking to emerging countries, agreeing to buy an 82 percent stake in Russian cosmetics brand Concern Kalina for $537 million.
White Collar Watch: The Road Ahead for Raj Rajaratnam With Judge Richard J. Holwell sentencing Raj Rajaratnam to 11 years in a federal prison for insider trading, he will try to remain out of prison as long as possible while lawyers prepare an appeal.
BUZZ TRACKER
A Milanese Run on the Bank A group of students stormed into Goldman Sachs's offices in Milan on Friday, as protests against the financial industry spread around the world, according to Reuters. The protesters were dispelled, but not before spray-painting "Give us money" on the building's walls.
Wall Street Protest Finds a Seoul Sister "Occupy Yoido" may have an unfamiliar ring, but Yoido is the neighborhood in Seoul where South Korea's biggest financial institutions are based. A rally by labor unions and civic groups inspired by the Occupy Wall Street protests is planned for this weekend in Yoido, The Financial Times' beyondbrics blog reports.
LOOKING AHEAD
Economic Reports On Monday, the Federal Reserve releases industrial production for September.
Corporate Earnings Companies reporting results on Monday include Citigroup, Gannett, Halliburton, Hasbro, I.B.M., Wells Fargo and Royal Philips Electronics.

Stocks & Markets in The News: U.S. stocks extend weekly gains; Dow up for year | MKarket Pulse | MarketWatch


By Laura Mandaro 

 SAN FRANCISCO (MarketWatch) -- U.S. stocks jumped Friday on better U.S. retail data, Google Inc. GOOG -0.28% earnings and hopes about Europe's debt situation, extending the weekly advance to more than 5% and turning two indexes higher for the year. The Dow Jones Industrial Average DJIA +1.45% rose 166.36 points, or 1.5%, to 11,644.49 points. It gained 4.9% for the week, its third weekly rise and the longest weekly winning stretch since April. The S&P 500 SPX +1.74% added 20.92 points, or 1.7%, to 1,224.58. It gained 6% for the week. The Nasdaq Composite COMP +1.82% rose 47.61 points, or 1.8%, to 2,667.85. It's up 7.6% for the week. The Dow and the Nasdaq are now higher for the year, while the S&P 500 is off 2.6%.

MarketWatch | Personal Finance Daily: Debt collectors want your cell-phone number

MarketWatch
Personal Finance Daily
OCTOBER 14, 2011

Debt collectors want your cell-phone number

By MarketWatch



Don't miss these top stories:

The days of your cell phone being a communication device between just you, your family and friends may be numbered under two pieces of legislation that have consumer advocacy groups up in arms, Jennifer Waters writes today in her Consumer Confidential column. Proponents of the laws say it's an attempt to "modernize" the language put in place in 1991 that prohibited any kind of auto dialing or soliciting to cell phones. They also say that it will open lines of communication on the device that some 90% of the U.S. population most often uses. So, do you think it would be a benefit or a bother?

Anne Stanley , Managing Editor, Personal Finance

Debt collectors want your cell-phone number

Bills in Congress could open the floodgates to a host of unwanted calls pouring into your cell phone, consumer advocates say.
Read more: Debt collectors want your cell-phone number.


Savvy taxpayers can ease mortgage burden

Home buyers who need a little more take-home pay to afford the monthly payments they are facing need not seek a second job or dip into their savings to meet their goals.
Read more: Savvy taxpayers can ease mortgage burden.


INVESTING

7 surprise risks to your money in 2012

Market volatility has grabbed investors by the tail, and risk-management is front and center.
Read more: 7 surprise risks to your money in 2012.


Cash is king — even in a bull market

It turns out that you don't need to incur high risk in order to keep pace with the market.
Read more: Cash is king — even in a bull market.


ECONOMY & POLITICS

G-20 kicks off crucial weeks for euro crisis

European finance ministers will find themselves under pressure to find a solution to the region's debt crisis when they meet counterparts from the G-20 in Paris this weekend.
Read more: G-20 kicks off crucial weeks for euro crisis.


October consumer sentiment declines

A gauge of consumer sentiment declines in October, as expectations and views on current conditions take a fall, according to data culled by the University of Michigan and Thomson Reuters.
Read more: October consumer sentiment declines.


U.S. retail sales jump 1.1% in September

Higher purchases of autos, clothing and home furnishings in September fueled the biggest increase in U.S. retail sales in seven months. Retail sales rose 1.1% last month, the Commerce Department said Friday.
Read more: U.S. retail sales jump 1.1% in September.


Import prices make surprise gain in September

U.S. import prices made a surprise rise in September, according to government data released Friday, in the latest indication that inflation is persistent even with a weak labor market.
Read more: Import prices make surprise gain in September.


Corporate welfare should end with the farm bill

It's time to end the wasteful and harmful subsidies that Big Ag companies collect from the taxpayers.
Read more: Corporate welfare should end with the farm bill.


Army of unemployed is now entrenched in U.S.

Slowly, over the last year, it's begun to dawn on us: The economic recovery isn't really making a dent in unemployment.
Read more: Army of unemployed is now entrenched in U.S.

CMI | New York Spot Prices at Close

CMI - Gold & Silver

Spot Prices as of the close of trading in New York
As of: Friday October 14, 2011

  Today Change Week Ago Month Ago Year Ago
Gold $1,683.10 +$14.50 $1,637.80 $1,825.45 $1,377.60
Silver $32.23 +$0.55 $31.01 $40.55 $24.44
Platinum $1,556.10 +$21.60 $1,496.10 $1,818.50 $1,713.90
Palladium $626.50 +$29.90 $591.20 $721.30 $600.40

BIV Business Today: Kitimat LNG gets OK to export natural gas


Business in Vancouver Today


Kitimat LNG gets OK to export natural gas

Friday, 14 October 2011 09:21
kitimat LNG artist's renderingThe Kitimat LNG project has been granted a 20-year export licence to ship liquefied natural gas (LNG) from Canada to international markets, project partners Apache Canada Ltd. (NYSE: APA), EOG Resources Inc. (NYSE: EOG) and EnCana Corp. (TSX: ECA) announced today.
   

Enwave signs new partnerships

Friday, 14 October 2011 08:30
enwave logoVancouver-based Enwave Corp. reached two new agreements with a large American food manufacturer October 13.
   

CPX acquires Alchemist Transport

Friday, 14 October 2011 09:06
trucksSurrey-based long-haul trucking company Coastal Pacific Xpress Inc. (CPX) has acquired Langley-based Alchemist Transport Inc., a hazardous materials transport company.
   

Historic designation to help Chinatown attract tourists

Friday, 14 October 2011 08:34
chinatown gateThe federal government designated Chinatown a national historic site October 13, following many years of prodding from Vancouver’s Chinese community.
   

Condé Nast readers rank B.C. hotels high

Friday, 14 October 2011 08:26
adirondack chairsPrestigious international travel magazine Condé Nast Traveler released its inaugural list of its readers’ five favourite cities in Canada October 13, and Vancouver ranked No. 2 behind Quebec City.
   

Businessman launches $100 million scholarship fund

Friday, 14 October 2011 09:02
seymout schulichBusinessman and philanthropist Seymour Schulich is donating $100 million to launch a science and technology scholarship program that he believes will secure the future economic competitiveness of Canada and Israel.

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